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Classify each of the following transactions as an operating, investing, financing or significant noncash investing and financing activity. If a transaction does not belong in
Classify each of the following transactions as an operating, investing, financing or significant noncash investing and financing activity. If a transaction does not belong in any of these classifications, select not applicable. la Purchase of merchandise inventory Financing activity (b) Sale of land Significant noncash activity (c) Issuance of shares Collection of accounts receivable (d) (e) Gain on sale of an investment (f) Payment of accounts payable Payment of taxes g (h) Collection of an employee loan (0) Issue of bonds
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